Cardinal Energy Group Inc. (fka CEGX)

[InvestorVeritas]

I agree 1oil guy.
Basically, all of CEGX's leases are gone. EOI has a bunch of leases, but they don't operate them probably because they are garbage. No sense in operating them if they won't make any money.

I can't figure out why EOI would sell out for $250K and a 1 million Cardinal shares of stock worth $10? obviously, it was a great deal for Paul C. and clearly EOI wasn't really making any money based on what was paid to acquire them.

You have 1 horrible company merging with another horrible company. For what purpose? They clearly are not trying to make money by owning oil leases or developing them.